7408 Lakefall Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2024 | Sold | ||
| Sold | |||
| Apr 19, 2024 | Listed by Smart Choice Realty Company | $725,000 | |
| Listed by Smart Choice Realty Company | |||
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Located in the desirable Wake Forest area, this home offers the perfect combination of luxury, comfort, and convenience and has been meticulously maintained! Featuring 3 spacious bedrooms plus a bonus room, provides ample space for living and entertaining. Other notable features include a new roof, Anderson Fibrex windows, new entrance doors, Hardi-Plank board & batten siding, fresh exterior paint & screened in porch renovation in 2019! As you enter, you'll be greeted by the elegant entryway with transom windows to invite in natural light. The open layout flows seamlessly into the living area, adorned with wooden blinds for added privacy and charm. Refinished hardwoods & custom trim & crown molding throughout the living room, dining room & office add warmth and character to the space! Entertain in style in the gourmet kitchen, complete with granite countertops, under cabinet lighting and gleaming hardwood floors. The kitchen is equipped w/modern conveniences including a double wall oven and gas cooktop, under cabinet lighting, granite countertops, pantry and glass tile backsplash! Step into the beautifully renovated Owner's suite and discover a sanctuary of relaxation. The shiplap accent wall adds a touch of rustic charm! Enjoy the custom his/her WIC's! The standalone soaking tub and frameless glass shower offer a spa-like experience w/new Kohler fixtures & accessories. Step outside to your own private oasis w/an inviting inground pool w/new control panel & control valve, Hayward Salt Cell & high efficiency variable speed salt water pump! Delight in the spacious screened in porch w/beadboard & skylights or deck to enjoy the views. The crawl space & attic is encapsulated with spray foam insulation. The potential to add more square footage to the home is possible with the 12-foot height attic space. The garage is equipped with a Mitsubishi mini-split HVAC system, ensuring year-round comfort for projects and activities and offers the hobbyist or DIY enthusiast a workshop with six dedicated 20 amp outlets, a portable generator transfer switch, an RV 30 amp outlet & the flooring finished with epoxy. The heavy-duty insulated garage door provides added energy efficiency and durability. Don't miss the opportunity to make this beautiful home yours!
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| Nov 25, 2015 | Sold | ||
| Sold | |||
| Sep 30, 2015 | Listed by Berkshire Hathaway HomeService | $350,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017